Register a Corporation in Israel
There is no
restriction placed on an overseas resident who wants
to set up a corporation in Israel. No minimum
capital has to be proven for an overseas resident to
obtain approval to register a corporation in Israel
or to open a bank account in Israel.
However, if one of the shareholders is a foreign
company, it will be easier to register the Israeli
new company without this corporate shareholder, and
as soon as the new company is registered, there is
no difficulty to transfer its shares to it. Read
more about Corporate Foreign shareholder.
If the sole shareholder is a foreign corporation,
or if all the shareholders are foreign corporations,
the new company will be registered by our law firm
with a nominee shareholder and after the Israeli
corporation is registered, we will transfer the
shares to the foreign beneficiary shareholder
corporation.
The minimum number of shareholders:
for a private company the minimum is one, and the
maximum is 50.
The minimum number of directors:
One director.
Procedures
Setting up a corporation in Israel through a
lawyer takes a few days and includes the following
stages:
Preparing the Articles of Association (since
1999, no need of Memorandum anymore).
Registration with the Companies Registrar.
Adopting a resolution on the Directors of the
Company/Authorized Signatories.
Opening a bank account for the corporation.
Annual Costs
The annual Registrar fees are aprox.US$300
(depend on the $ - NIS value).
Time for company formation
The registration is made is a few days.
Bearer shares
Bearer shares exist in Israel but used rarely.
Set up a bank account in Israel
Most Israeli banks have branches around the
world. The company signatories can sign the account
documents in one of those braches and then process
with the company bank account through the internet.
Local Telephone and Fax Numbers
After Incorporating, the new company can register
in Israel for a local phone number and fax service
with unlimited calls.
You might be interested in the
full version of
the Israel Company Law 1999
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